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Transcript

00:00:00
>> The Brexit is->> Brexit.>> Avoid a no deal Brexit,>>
FOREIGN]
Brexit,>> All right, another week, another million headlines about Brexit. We forgive you for not keeping up. So what happened? What does it matter? And why are these leaders in a James Bond villain's lair in Austria?
00:00:19
Reuters' London Bureau Chief and resident Brexit guru, Guy Faulconbridge, is here to break it down.>> So EU leaders and Theresa May had schnitzel in Salzburg. Remember, that's the place that Mozart was born and the Sound of Music filmed. And after their schnitzel, it basically became clear that with six months to go, there is no Brexit deal.
00:00:40
And with no Brexit deal, are we looking at a no deal? So a no deal is the United Kingdom leaving the European Union with no divorce settlement. Basically, no piece of paper setting out how it's all gonna work. If you've got a British driving license, how are you gonna drive in the European Union after Brexit?
00:00:58
If you wanna import food from the European Union or sell food to them, how are the rules gonna work?>> At the beginning of the week, all parties sounded optimistic. Said things were slowly coming together.>> We are ready to improve this proposal.>> I'm confident.>> Positive evolution.
00:01:16
>> That changed quickly. Just look at the snark on European Council President, Donald Tusk's Instagram. Offering Prime Minister Mason cake, but no cherries, as in no cherry-picking in talks.>> So we are at an impasse.>> The talks broke down when neither side would budge on how to handle the question on Ireland and Northern Ireland, set to become the only land border between the EU and UK
00:01:41
>> Brexiteers and many in Theresa May's party says that she was ambushed in Salzberg. She was ambushed after the schnitzel. This is what The Guardian, a pro-European newspaper in Britain is saying. May humiliated. So how's it all gonna end? Juncker, the Head of the European Commission, said that actually, the UK and the European Union should be like hedgehogs, like loving hedgehogs.
00:02:05
But the trouble is, sometimes they spike each other.>> All of this means calls from hard-line Brexiteers in Theresa May's party for her to step aside are not going to go away.
00:02:16
MUSIC]
00:02:17
Meanwhile, Aston Martin seems to be taking it all in stride. The auto manufacturer says its geared up for any Brexit outcome, even stockpiling parts for a worst case scenario.>> It is continuing a plan to take the company public. It announced on Thursday it wants $6.7 billion to sell around 25% of the company.